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ARTICLE · 11 JANUARY 2024

New Year's Resolutions For The Secondaries Space

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As we begin the annual ritual of making our personal New Year's resolutions, it's a great time for secondaries market participants to do the same.

United StatesFinance and Banking
Amanda Amelia Butler-Jones
Amanda Amelia Butler-Jones
Simon Ellis
Simon Ellis
Fadi G. Samman
Fadi G. Samman
Daniel Quinn
Daniel Quinn
Timothy Jonas Clark
Timothy Jonas Clark
Stuart Elliot Alter
Stuart Elliot Alter
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As we begin the annual ritual of making our personal New Year's resolutions, it's a great time for secondaries market participants to do the same. As we gear up for what is expected to be an active 2024, here are our suggestions for some "New Year Resolutions – Secondaries Style":

  1. Get Your AML/KYC House in Order. You just closed out those 2023 year-end transfers and surely you scrambled with some last-minute and novel anti-money laundering (AML)/know your customer (KYC) requests—special structure charts, new beneficial ownership certifications, updated tax forms, re-certified "this, that and the other." Take a minute to take stock of those and refresh your AML/KYC packets. Identify fund managers and fund administrators with novel or onerous requests and note them for the file for future transfers. This will make Q1 and beyond that much smoother and hopefully generate some value from the year-end crunch.

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